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Latest News

India Investment Program Expected to Generate Significant Steel Demand

16 June 2016 - Indian miners and steelmakers are likely to see significant new demand arising from Prime Minister Narendra Modi’s US$87 billion Make in India initiative, reports The (India) Economic Times.

Investors, Steelmakers Express Early Interest in Australia-Based Arrium

16 June 2016 - POSCO and several investment firms from the U.S. and the U.K. reportedly are kicking the tires on Australia’s Arrium Group, which was placed into voluntary administration earlier this year.

Allegheny Technologies JV Orders New Cold Mill to Make Super Thin and Very Wide Strip

15 June 2016 - Shanghai STAL Precision Stainless Steel Co. Ltd. has awarded a contract to the Fives industrial engineering group for a cold rolling mill capable of rolling ultra-thin stainless strip at full commercial widths, the company has announced.

Two Potential Buyers Said to Have Bids on U. S. Steel Canada

15 June 2016 - A private equity firm and an industrial conglomerate have entered the final stage of bidding for U. S. Steel Canada, which is operating under creditor protection as it seeks a buyer, reports The Hamilton Spectator newspaper.

Nucor Forecasts Higher Profits in Second Quarter

15 June 2016 - Nucor Corp. expects its second-quarter earnings to increase 66 percent, if not more, on rising shipments and prices, the steelmaker said on Wednesday.

Essar Steel Algoma Reconsiders Sale, Might Restructure From Within Instead

14 June 2016 - Canada’s Essar Steel Algoma Inc., which is operating under creditor protection as it looks for a buyer, said it is now exploring whether to reorganize on its own, reports The (Toronto) Globe and Mail newspaper.

Ohio Sheet Processor Expands Pickling Line's Capabilities

14 June 2016 - U.S.-based steel processor Heidtman Steel has upgraded a pickling line by adding dry lube capabilities, the company has announced.

Algerian Joint Venture Orders Midrex DRI Plant for New Long Products Mill

14 June 2016 - Midrex Technologies Inc. and partner firm Paul Wurth have been awarded a contract to design and equip a direct reduction iron plant in Algeria, the companies have announced.

Danieli Secures Order for High-Speed Bar Mill

14 June 2016 - Vietnam’s Fuco Steel Corp. Ltd. has ordered a high-speed bar rolling mill from Danieli, the mill supplier has announced.

China Steel Industry Sentiment Falls Steeply in June

13 June 2016 - Players in the Chinese steel market are increasingly pessimistic on the domestic industry’s outlook, as the S&P Global Platts China Steel Sentiment Index collapsed to a 16-month low in June.

Steel Market Conditions Prompt Mitsubishi Heavy Industries to Reduce Costs at Primetals Venture

13 June 2016 - In the face of a weak steel market, Mitsubishi Heavy Industries Ltd. is looking to cut costs at its Primetals Technologies venture, reports the Bloomberg news service.

Steel Dynamics Expects Profitable Second Quarter on Improvements in Flat Rolled Market

13 June 2016 - U.S.-based Steel Dynamics Inc. expects to nearly double its second-quarter profits over the first quarter due to better metal spreads and increased shipments, the company said on Monday.

ArcelorMittal Plans to Overhaul Continuous Casters at Spanish Mill

10 June 2016 - SMS group has won a contract to overhaul two continuous slab casters at an ArcelorMittal sheet mill in Spain, the company has announced.

Primetals, AIC Win Order for 500K Rebar Mill

09 June 2016 - Filipino rebar maker Capitol Steel Corp. has awarded a contract for a new bar rolling mill to Primetals Technologies and partner Automazioni Industriali Capitanio S.r.l. (AIC), according to Primetals.

Report: Tata Pushes Back Decision on Sale of U.K. Business

09 June 2016 - Tata Steel apparently is going to give itself more time to consider the fate of its struggling U.K. business, extending the timeline for naming a preferred bidder for the operation, reports the (London) Financial Times.

Cliffs Natural Resources Moves Up Restart Schedule for Idled Mine

09 June 2016 - Iron ore miner Cliffs Natural Resources will reopen an idled Minnesota mine two months sooner than planned after securing third- and fourth-quarter orders from a new customer, the company announced on Thursday.

Nucor Joint Venture Eyes Mexican Auto Market

09 June 2016 - Nucor Corp. plans to build a US$270 million galvanized sheet mill in central Mexico through a new joint venture, the company has announced.

Some Doubt China Pledge To Curb Excess Steel Capacity

08 June 2016 - China has promised to cut down its enormous steelmaking capacity by limiting new mills, eliminating antiquated mills and putting a final end to the so-called "zombie" operations that have returned from the dead.

Italian Steelmaker Adding Waste-Heat Recovery System to EAF

07 June 2016 - Italy’s Acciaieria Arvedi is installing a waste-heat recovery system at its Arvedi facility in Cremona, according to a supplier on the project.

U.S. Official Rebukes China for Excess Steel Capacity

06 June 2016 - U.S. Treasury Secretary Jack Lew criticized China on Monday for enabling the steel glut, which has driven down prices and forced steelmakers to idle mills, reports The Washington Post.

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